Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

6) Indicate the type of unemployment based on the statements below (including Type A or Type B where applicable): Marriott hotels experienced a 40% drop

6) Indicate the type of unemployment based on the statements below (including Type A or Type B where applicable):

  • Marriott hotels experienced a 40% drop in their occupancy rates due to a ban on travel in 2020. As a result, it has laid off half of its hotel support staff.
  • Meghan was working at a Starbucks while waiting for the results of her Physical Therapist certification exam. On a whim, she decided to quit her job and move to Phoenix, where she has heard there is ample demand for physical therapists and plans to crash on a friend's coach.
  • Harry oversaw a call center support team, monitoring their effectiveness and troubleshooting issues. Last month, his company installed a software that collects the call transcripts into an algorithm that provides senior management with a summary of potentially problematic engagements. As a result, Harry was laid off.
  • The United Autoworkers negotiated a $5.00 per hour raise for its membership, and one week later General Motors reduced their plant-level staff by 10% to contain costs.
  • Disneyland laid off 15 of its sales associates because of reduced ticket sales related to the rapid spread of the Covid Delta variant in Florida.
  • The National Football League and the Player's union raised the minimum veteran salary from $350,000 per year to $500,000. Subsequently, 50 players with 3 or more years of playing service were cut.
  • A Chicago taxicab driver has filed for unemployment because Uber drivers have taken all of her normal customers.
  • Because of the damage of Hurricane Ida, 20% of central Pennsylvania's businesses were forced to close, and as a result, an estimated 20,000 workers were left without work.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Microeconomics

Authors: Hal R. Varian

9th edition

978-0393123968

Students also viewed these Economics questions